06/30/2011 Intraday Watering

[cheech]

natural gas looks like a decent long try here, small position

[cougar]

ES
Targeting 1218.
http://99ercharts.blogspot.com/2011/06/es_30.html
Gartley triggered this morning.

99er: nice Gartley!

[99er]

cheech:

Wolfe Wave target (purple) derived from a channel (in blue) where points 1-4 produce a target line. A channel from 1-2 and 5-6 will meet the blue line, establishing the target price. This isn't shown because the points meet so far below this time frame; you can see it on the weekly (so 1218 is an approximation for now). For more on Wolfe Waves, check out youtube: there's an Indian dude who explains everything in great detail, including its use on five-minute time frames.

[99er]

cougar: "nice Gartley!"

Thanks. But my coffee maker has yet to say a thing.

[PRI]

Good Morning.

Trichet me fait chier.
EURUSD http://99ercharts.blogspot.com/2011/06/eurusd_30.html
Please excuse my French.

Trichet makes me ... Qu'est-ce que c'est "chier"?

[cheech]

very close now

[alvian33]

cobra do you see the candle with the tail now on spy?

[soku]

9:45 chicago PMI, but release to subscribers at 9:42

what do u mean? details!
chicago is better than expectation. market rally to next stop at 1313.75.
maybe somebody realized the 'strong data' is still the lowest reading since december.

[ken_d17]

Did we just see a miniature "blow off top?"

[bbc]

natural gas looks like a decent long try here, small position

before EIA report 30minutes later?

[cheech]

9:45 chicago PMI, but release to subscribers at 9:42

what do u mean? details!
chicago is better than expectation. market rally to next stop at 1313.75.
maybe somebody realized the 'strong data' is still the lowest reading since december.

Wow, you listen to headlines? I never even look. The price, time and volume tell you everything you need to know.

[cheech]

Gold down sharply. Bearish.

[bbc]

9:45 chicago PMI, but release to subscribers at 9:42

what do u mean? details!
chicago is better than expectation. market rally to next stop at 1313.75.
maybe somebody realized the 'strong data' is still the lowest reading since december.

??, last month, it was lower.


6/11 61.1
5/11 56.6
4/11 67.6

3/11 70.6
2/11 H71.2
1/11 68.8

12/10 66.8
11/10 61.9
10/10 60.2

9/10 60.6
8/10 57.3
7/10 61.0

[cougar]

IWM=82.82 is a good temporary resistance! Some samall time day traders are buying IWM JUl 82 P

[BullBear52x]

Another major intersection coming, but this one is too obvious.

[99er]

ES
I was early.
http://99ercharts.blogspot.com/2011/06/es_2777.html
So says my wife.

[cheech]

Shorting oil here a bit

[Cobra]

text book target reached, volume surge, so could see a pullback of some kind here. then we'll see.

[99er]

PRI

http://en.wiktionary.org/wiki/se_faire_chier

It's actually a four-letter word that begins with an "S."

[cheech]

shorting S&Ps here a bit